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Milton J. Madison - An American Refugee Now Living in China, Where Liberty is Ascending

Federalism, Free Markets and the Liberty To Let One's Mind Wander. I Am Very Worried About the Fate of Liberty in the USA, Where Government is Taking people's Lives ____________________________________________________________________________________________ "Extremism in defense of liberty is no vice. Tolerance in the face of tyranny is no virtue." -Barry Goldwater-

Wednesday, June 15, 2011

1.9 Million Fewer Americans Have Jobs Today Than When Obama Signed Stimulus | CNSnews.com

The folly of central government economic intervention is now thankfully much more apparent. Despite, $800+ billion of stimulus that was supposed to support the American job market, the number of jobs since that piece of Democratic pork has fallen by 1.9 million jobs. And this weakness does not even take into account the natural growth of labor market where new entrants to the labor force and legal immigration have increased the number of employable people.
As both Summers and the BLS data make clear, the economy is not creating new jobs fast enough to make up for layoffs and new graduates, calling into question Obama’s oft-repeated claim that the economy is recovering and creating jobs.
Governments cannot create jobs by taking money from people through borrowing or taxes and deploying them into the political party in power favored sectors. Its complete folly and frankly stupid to think that a bunch of bureaucrats can deploy capital more efficiency than millions of people making choices and decisions every day. Its amazingly arrogant to even consider that a handful of people are even remotely qualified to spend others money.

A long as the nation continues down the path of centralized economic planning and decision making, the nation will economically under-perform. And this is compeltely the fault of a central government that neither understands it role nor appreciates the wisdom of everyday people to make well informed and intelligent economic decisions for themselves.

1.9 Million Fewer Americans Have Jobs Today Than When Obama Signed Stimulus | CNSnews.com


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